Canada · Financial services startup

Relay

Relay is a financial technology company founded in 2018, offering a digital business banking and money management platform tailored for U.S.

Funding reportedLast round: Series B

Financial servicesToronto, Canada

About Relay

Relay is a financial technology company founded in 2018, offering a digital business banking and money management platform tailored for U.S.

small businesses with 1 to 100 employees and their financial advisors. Headquartered in Toronto, Ontario, Relay partners with FDIC-member institutions to provide banking services, ensuring that deposits are FDIC-insured up to $250,000. Relay's platform includes various features such as FDIC-insured checking accounts, Relay Visa® Debit Cards for team spending, and tools for managing cash flow, invoicing, and bill payments. The company provides all-in-one plans that cater to different stages of business growth, allowing small businesses to gain clarity on their finances. Relay also facilitates collaboration between small businesses and their advisors, enhancing financial management. With a mission to empower small business owners, Relay has secured significant funding to expand its services and was recognized as a CIX Top 10 Growth Company for 2024.

What company datasets say Relay raised

Funding, as reported

Reported in all51.6Min the source's currency
Rounds3
Last roundSeries B
Last round size50M
Last round dateMar 2024
Investors listed10

On 7 portfolio pages

Investors who name them

Each firm lists Relay on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

multi-account managementautomated transfersbusiness savings automationreal-time trackingbookkeeping solutionsconsumersclient bankingbusiness financial healthprofitability trackingvirtual card spend policiesfinancial management toolscollaborative bankingcomputer & network securitysmall business cash flow toolsreceipt managementach transfers

Built with from their website

PlaidGitHub ActionsDockerAmazon SESAmazon DynamoDBAmazon CloudFrontOneTrust Tech Risk & ComplianceGoogle SheetsTableaudbt

+8 more

AWS Trusted AdvisorAtlassianReact NativeGoogle CloudOrumGoogle AdsTerragruntYouTube

Sector
Financial services
Industry code
NAICS 522110, SIC 6021
Region
Ontario
Revenue
35.3M a year, as listed
Full record
Every detail in the company directory

How it ended, so far

Exit

ExitBuyerPriceWhen
AcquiredKik$38MNov 2014

Financial services in Canada

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